Idaho news. (Blackfoot, Idaho) 1887-1891, 1887-11-26
NATIONAL FINANCES



nuRl Report OF Treasurer ssyadf.
WASHINGTON, Nov. i7.-The annual
report of Treasurer Hyatt shows that the
revenues Of the government for the fiscal
year ended June so, 1887, were SS7l, 4O3,'
OF, and ordinary expenditures $167, 9S2 :
179; the surplus receipts available for
reduction of the public debt being $685.
AL, 09T. As compared with the preyious
year the receipts increased S34, 1868 559i
expenditures sos, l49,O4i; and the surplus
revenues $9,5ii,5O There was an
increase in every item of revenue, the
largest being in receipts from customs:
The largest increase in expenditures was
on account of Indians and pensions, and
the largest decrease on account of
interest ON the public debt. The receipts
of the postoffice department amounted to
SOL, 752, 3s7, and expenditures to $j3, $751;
S35. The revenus, exclusive of deficiency
appropriations, increased So, 500, 495, and
expenditures $2,gOi, 9i9. The amount
drawn from thu treasury to make good de-
ticiencies in postal revenues was So, $50, 1885,
as against So, TIA, 422 in 1856. The state.
ment of United States notes outstanding
shows that between june so, 1885, and
September 80, 1887, the circulation of 81
and 81 notes ran down from SOL, 500, 900 to
SIS, 400, 900. The decrease has been made
up by changes in other denominations, the
volume of fives. tens and twentieS increas-
ing about $l3. 900, 900. The shipments OF
legal tenders and silver certi-
ficates of small denominations, together with
the increase in circulation in silver coins,
during the fifteen months ending Sept, so,
amounts to upwards of S149, 900, OOO while
in addition several million dollars in small
gold coins have been drawn into circulation
Under the provisions of the act Of June s.
1872, certificates Of deposit amounting to
s3I, 800, 900 were issued during the fiscal
5ear for United States notes lodged in the
treasury. Redemptions i he same paTiOd
were S43, 100000 Thee re,4 iuerl ut,
standing June 80, only 5000, 600, wn.,.
is the least amount shown ut the eud ot any
fiscal year since the issue began. There
were no gold certificates issued
during the year. Redemptions amounts
to $9,6S1, 1923. Or the total of
lib, 354, $50 issued from November, 1865,
there were outstanding at the close OF the
year S.2l, IS6,9i7, Of which $50. 26l, $50
were in the treasury and sol ,235, 437 in
circulation. Holdings Of the treasury de-
creased nearly $25, O00.0lO in the year
The amount outstanding October ii was
1872. 500 931. of which the treasury held
S32, SIS, l5S. The silver certificates out
standing ut the close of the fiscal year
amounted to Sl45, SAB, $50, an increase of
nearly $50, 0Oo, U00 in twelve months. The
amount in the treasury fell off in the same
period from nearly So, 600, 900 10 S3. 42j,-
133, while the increase in a'tull circulation
was little more than 5I,000.O0). This
increase il due in part TO the demand for
small notes, arising from the discOntnuanCe
of the issue Of legal tender ones and twos.
The treasurer believes that nearly all of
the trade dollars have been redeemed The
coinage of standard silver dollars for the
fiscal year was So, ZIG, s3l, an increas. of
So, 377. 1926 over 1856.
On October 81 the treasury held S314,-
175, 532 and there were S52, SAC, 62J in cir
culatior
Between June 80, 1885, and October 81,
1897, the fractional silver coin in
the tIeasnrv decreased from SIS, 9OI, 6Si,
to S24, 46S, 13S, ara ni..y. -ain from S$77,-
s15 to S5l, 400. The and 5 cent p.., "a
on hand are not more than sufficient for
payments over the counter.
The treasurer calls attention to the de-
crease in the redemption of fractional
currency, and shows by comparison with
other paper issues that larger amount
than has been estimated has probably been
lost or destroyed. The amount outstaud-
ing June 30, as shown by the books, was
SIG, 1922, 9O2. while redemptions for
the year were only $7,l23. Between
tine end of the fiscal year and
Oct. 81, the number of depository banks
was increased from 200 to 800. Receipts of
public funds by banks during
the year were 1928, ASP, 100, making an
aggregate from the beginning OF the sys-
TEN, o little short Of 81. 500, 600, OUO.
There was a decrease Of Ss4, OOs, 100 Turing
the year in banks held to secure the circu-
lation of national banks, leaving on de-
posit S191, 966.70O, against which there
was outstanding $1G6, 625.65Oi in national
bank notes.